Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: HTX against KuCoin+0.250%7-day average +0.130% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.250%, 7d avg +0.130%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.120% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBUSDTM	0.1487	0.0100	pay 0.0050% / 4h	3h 26m	$1.0M	$1.1M	20x
Short	HTX UB-USDT	0.1491	0.0100	get 0.0050% / 4h	3h 26m	$16K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee HTXbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → +0.130%: $11.99
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; HTX: live order book, 26 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 4 min ago	9.93 bp	161.3 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 26 min ago	31.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UBUSDT	+0.0100%	4h	0.1491	+0.241%	$3.1M	$16.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1487	−0.002%	$979K	$2.5M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1490	+0.163%	$1.4M	$14.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1484	−0.214%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1491	+0.223%	$730K	$663K	100x	as long as short
KuCoin UBUSDTMlong	+0.0100%	4h	0.1487	long leg	$1.0M	$1.1M	20x
Bitget UBUSDT	+0.0100%	4h	0.1491	+0.217%	$2.4M	$3.3M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1490	+0.176%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1494	+0.407%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1494	+0.435%	$38K	$268K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDTshort	+0.0100%	4h	0.1491	+0.250%	$16K	$279K	20x
Extended UB-USD	+0.0104%	1h	0.1489	+0.131%	$2K	$172K	5x	as long as short
BloFin UB-USDT	+0.0134%	4h	0.1487	+0.001%	$157K	$858K	50x	as long as short
Aster UBUSDT	+0.0585%	4h	0.1489	+0.130%	$404K	$160K	5x	as long as short